Konya’s 11.1 Billion TL Industrial Boost: A Blueprint for Turkey’s Innovation Trajectory

Minister of Industry and Technology Mehmet Fatih Kacır announced a 11.1 billion TL support package for 30 projects in Konya.

Local Development Initiative: Direction of the 11.1 Billion TL

■30 project applications focus on smart agriculture, defense equipment, automotive parts, and railway components.

■Total investment size 11.1 billion TL, with 301 million TL in financing contributions for each project.

■Up to 50% tax reductions, VAT exemptions, and customs duty waivers for the investments.

Financing and Tax Incentives: Up to 30.1 Million TL

■Credit financing up to 30.1 million TL will be offered.

■Financing support at 9.25% and tax reduction up to 30% of the investment.

■VAT and customs exemptions significantly lower costs in targeted sectors.

SME Support: Rise of 9.4 Billion TL

■9.4 billion TL in KOSGEB support plays a critical role in Konya’s growth.

■Projects will create over 95,000 jobs.

■Half of the employer’s social security contributions will be covered by the state for two years.

Industrial Sector Map: Agriculture, Defense, Automotive, and Rail

■Smart agriculture technologies to boost productivity.

■Defense equipment and munitions to strengthen domestic production.

■Automotive parts to accelerate localization.

■Railway components to support infrastructure investments.

Business and Employment Projections

■Total planned investment of 566 billion TL in Konya will generate over 95,000 new jobs.

■The local development initiative will provide a total of 3 billion TL in tax and customs incentives for 11 projects.

■Projects will accelerate the region’s production capacity and innovation ecosystem.

Turkey’s industrial strategy benefits from this substantial support package in Konya, accelerating the localization of regional supply chains and directly contributing to national growth and employment targets. Increased tax incentives in defense and automotive sectors will attract foreign investors while boosting local firms’ competitiveness.